Funding you earn now, next payment 10:00 UTC−0.0202%/8h= −22.1% APRpaid last 24h −0.023%
Price spread now: Bitget against Kraken Futures−0.026%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1261.259% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 4 days (all we have)−0.501%−$50 · spread now −0.026%, 7d avg −0.054%
=The price spread pays, funding is against you. Bitget is 0.027% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.026% now, against its 7-day average of −0.054%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.040% in total) that is about 4.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.040% in total (about -2.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_APEUSD | 0.1486 | 0.0302 | pay 0.0038% / 1h | 55m 59s | $405K | $696K | 20x |
| Short | Bitget APEUSDT | 0.1486 | 0.0100 | get 0.0100% / 8h | 6h 55m | $2.1M | $615K | 25x |
Kraken Futures PF_APEUSD
Bitget APEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$42.38
- Price spread: −0.026% → −0.054%
- $2.73
- Slippage, 4 orders
- −$103.93
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$165.58
- Costs to cover
- 1.259%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 37 min ago; Bitget: live order book, 1 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 37 min ago | 10.26 bp | 45.2 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 6.72 bp | 25.5 bp −$26 | 173.5 bp −$1,735 | doesn't fit | doesn't fit |
APE on 20 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX APE/USD [APE-USDC] | L −0.0178% / S +0.0185% | 1h | 0.1486 | −0.059% | $1K | — | 100x | as long as short |
| Reya APERUSDPERP | 0.0000% | 1h | 0.1235 | −16.912% | — | — | — | as long as short |
| Injective APE/USDC PERP | +0.0033% | 1h | 0.1378 | −7.292% | $1K | $12K | 5.5x | as long as short |
| Hyperliquid APE | +0.0100% | 1h | 0.1487 | +0.061% | $1.3M | $362K | 5x | as long as short |
| Aster APEUSDT | +0.0100% | 8h | 0.1486 | −0.030% | $124K | $20K | 10x | as long as short |
| Binance APEUSDT | +0.0100% | 8h | 0.1486 | −0.009% | $4.2M | $7.2M | 50x | as long as short |
| Bybit APEUSDT | +0.0100% | 8h | 0.1485 | −0.121% | $3.7M | $2.9M | 50x | as long as short |
| OKX APE-USDT-SWAP | +0.0100% | 8h | 0.1484 | −0.127% | $1.3M | $1.6M | 20x | as long as short |
| Gate APE_USDT | +0.0100% | 8h | 0.1485 | −0.067% | $642K | $300K | 50x | as long as short |
| MEXC APE_USDT | +0.0100% | 8h | 0.1486 | −0.026% | $4.3M | $698K | 50x | as long as short |
GMX APE/USD [APE-USDC]
Reya APERUSDPERP
Injective APE/USDC PERP
Hyperliquid APE
Aster APEUSDT
Binance APEUSDT
Bybit APEUSDT
OKX APE-USDT-SWAP
Gate APE_USDT
MEXC APE_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin APEUSDTM | +0.0100% | 8h | 0.1485 | −0.094% | $1.9M | $4.2M | 50x | as long as short |
| Bitget APEUSDTshort | +0.0100% | 8h | 0.1486 | −0.026% | $2.1M | $615K | 25x | |
| BingX APE-USDT | +0.0100% | 8h | 0.1485 | −0.094% | — | $13.0M | — | as long as short |
| Variational Omni APE | +0.0100% | 8h | 0.1484 | −0.132% | $5K | $14K | — | as long as short |
| Extended APE-USD | +0.0104% | 1h | 0.1486 | −0.038% | $4K | $211K | 10x | as long as short |
| dYdX APE-USD | +0.0131% | 1h | 0.1486 | −0.019% | $9K | — | 5x | as long as short |
| BloFin APE-USDT | +0.0217% | 8h | 0.1484 | −0.161% | $217K | $60K | 75x | as long as short |
| Kraken Futures PF_APEUSDlong | +0.0302% | 1h | 0.1486 | long leg | $405K | $696K | 20x | |
| Deribit APE_USDC-PERPETUAL | +0.0423% | 1h | 0.1487 | +0.041% | $1K | $23K | 25x | as long as short |
| Coinbase International APE-PERP-INTX | +0.1000% | 1h | 0.1489 | +0.175% | $100K | $8K | 25x | as long as short |
KuCoin APEUSDTM
BingX APE-USDT
Variational Omni APE
Extended APE-USD
dYdX APE-USD
BloFin APE-USDT
Deribit APE_USDC-PERPETUAL
Coinbase International APE-PERP-INTX